Alussa Energy Acquisition (Alussa Energy Acquisition) ROCE % : -1.87% (As of Mar. 2021)

View and export this data going back to 2020. Start your Free Trial

What is Alussa Energy Acquisition ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Alussa Energy Acquisition's annualized ROCE % for the quarter that ended in Mar. 2021 was -1.87%.

Alussa Energy Acquisition ROCE % Historical Data

The historical data trend for Alussa Energy Acquisition's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Alussa Energy Acquisition ROCE % Chart

Alussa Energy Acquisition Annual Data

Trend

Dec19

Dec20

ROCE %

-1.80

Alussa Energy Acquisition Semi-Annual Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
ROCE %	Get a 7-Day Free Trial			-0.17	-0.16	-0.11	-1.35	-1.87

Alussa Energy Acquisition ROCE % Calculation

Alussa Energy Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-5.191	/	( ( (290.226 - 0.005)	+	(290.44 - 3.405) )	/ 2 )
	=	-5.191	/	( (290.221	+	287.035)	/ 2 )
	=	-5.191	/	288.628
	=	-1.80 %

Alussa Energy Acquisition's ROCE % of for the quarter that ended in Mar. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2021 )		(Q: Dec. 2020 )		(Q: Mar. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2021 )		(Q: Dec. 2020 )		(Q: Mar. 2021 )
	=	-5.329	/	( ( (290.44 - 3.405)	+	(290.393 - 8.684) )	/ 2 )
	=	-5.329	/	( ( 287.035	+	281.709 )	/ 2 )
	=	-5.329	/	284.372
	=	-1.87 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2021) EBIT data.

Alussa Energy Acquisition (NYSE:ALUS.WS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Alussa Energy Acquisition ROCE % Related Terms

Thank you for viewing the detailed overview of Alussa Energy Acquisition's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.